Covina, March 15, 2023 (GLOBE NEWSWIRE) -- The Anesthesia Devices Market has grown rapidly in recent years, driven by an increase in the number of surgical procedures performed worldwide, advancements in anesthesia technology, and the growing demand for outpatient surgical procedures. The market is highly competitive and includes a variety of players, including large multinational corporations as well as smaller regional manufacturers.
Key Highlights:
- In April 2022, GE Healthcare has received pre-market approval from FDA for general anesthesia delivery software. Newly developed End-Tidal (ET) general anesthesia delivery software allows the aesthesia providers to set targets for end-tidal oxygen & anesthetic agent. ET control software help in improving accuracy of anesthesia delivery by simplifying process and reducing healthcare cost, drug waste, and greenhouse gas emissions.
- In January 2020, Drager has launched new ICU Ventilators & Anesthesia System at Arab Health 2020 in Dubai UAE. Drager has launched new ‘Evita V600’ and ‘V800’ ventilators which are designed for supporting daily clinical tasks in ICU. Newly launched ventilators combines high performance ventilation with aesthetic design that enable quick, efficient operation from lung protective ventilation until integration of patient care centered intensive care workplace. Newly launched anesthesia workstations are designed around simplifying working procedure for biomeds and clinical staff to meet every challenge.
- In April 2017, B. Braun and Philips has announced a multi-year strategic alliance for innovating ultrasound guided regional anesthesia and vascular access to make easier to perform by leading to enhanced patient care & hospital efficiency. Xperius a new mobile ultrasound system designed for supporting current and future integrated solutions in ultrasound guided regional anesthesia.
Analyst View:
The key factor driving the growth of the Anesthesia Devices market is rising surgical procedures due to chronic diseases caused by unhealthy lifestyle and rapid growth in urbanization. Anesthesia helps in preventing patient from feeling pain. Technological advancement has helped with chronic pain management in anesthesiology Rising technological advancement has driven the target market growth. Approach towards improving patient care and safety along with rapid technological advancements in medical devices by major players are some other factors expected to support growth of the market over the forecast period. However, rising surgical procedures and technological advancement boost the demand for Anesthesia Devices market growth over the forecast period. As a result, market competition is intensifying, and both big international corporations and start-ups are vying to establish position in the market.
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Key Market Insights from the report:
Anesthesia Devices Market accounted for US$ 19.5 billion in 2022 and is estimated to be US$ 56.8 billion by 2032 and is anticipated to register a CAGR of 10.6%. The Anesthesia Devices Market is segmented based on Product Type, Disposable and Accessories, Application, End-Users and Region.
- Based on Product Type, Anesthesia Devices Market is segmented into Anesthesia Workstation, Anesthesia Delivery Machines (Portable and Standalone), Anesthesia Ventilators, and Anesthesia Monitors.
- Based on Disposable and Accessories, Anesthesia Devices Market is segmented into Anesthesia Circuits (breathing circuits), Anesthesia Masks, Endotracheal Tubes (ETTs), and Laryngeal Mask Airways (LMAs).
- Based on Application, Anesthesia Devices Market is segmented into Orthopedics, Cardiology, Urology, Neurology, Dental, Ophthalmology and others.
- Based on End-Users, Anesthesia Devices Market is segmented into Hospitals, Clinics, Ambulatory Surgical Centers, and others.
- By Region, the Anesthesia Devices Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
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Regional Analysis:
- North America - U.S., Canada
- Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe
- Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific
- Latin America - Brazil, Mexico, Argentina, Rest of Latin America
- Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Competitive Landscape:
- 3M Company
- Becton Dickinson and Company
- GE Healthcare
- B. Braun Melsungen AG
- Teleflex Inc.
- Koninklijke Philips N.V.
- Medtronic Plc.
- Smith Group plc.
- Ambu A/S
- Invacare Corporation
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
Market Segmentation:
- Anesthesia Devices Market, By Product Type, 2022 - 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2022 - 2032
- Segment Trends
- Anesthesia Workstation
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 - 2032
- Anesthesia Delivery Machines
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 - 2032
- Portable
- Standalone
- Anesthesia Ventilators
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 - 2032
- Anesthesia Monitors
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 - 2032
- Overview
- Global Anesthesia Devices Market, By Disposables and Accessories, 2022 - 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2022 - 2032
- Segment Trends
- Anesthesia Circuits (Breathing Circuits)
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 - 2032
- Anesthesia Masks
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 - 2032
- Endotracheal Tubes (ETTs)
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 - 2032
- Laryngeal Mask Airways (LMAs)
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 - 2032
- Overview
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Some Important Points Answered in this Market Report Are Given Below:
- Explains an overview of the product portfolio, including product development, planning, and positioning
- Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
- Detailed analysis of the market revenue over the forecasted period.
- Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
- Study on the segments that are anticipated to dominate the market.
- Study on the regional analysis that is expected to register the highest growth over the forecast period
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